European shares give up three-month highs after shock U.S. data
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LONDON (Reuters) - European shares gave up three-month highs on Thursday after a surprise sharp decline in U.S. retail sales pulled stocks lower in afternoon trading, spoiling an initially upbeat session that saw blue-chips such as Nestle shine on strong earnings. The pan-European STOXX 600 closed down 0.2 percent after spending the first half of the day in positive territory. Wall Street opened in the red, albeit moderately, after data showing the largest drop in retail sales since..